Bunge Ltd(NYSE:BG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $10.54B. Analysts estimated a revenue of $10.08B. Earnings per share were $0.79. Analysts had estimated an EPS of $0.46.
In a different note, BB&T Capital said it Initiates Coverage on Bunge Ltd, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Buy’ by the firm. On May 2, 2016, Credit Suisse said it Maintains its rating on Bunge Ltd. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Outperform’ by the firm.
Bunge Ltd (BG) made into the market gainers list on Thursdays trading session with the shares advancing 1.07% or 0.69 points. Due to strong positive momentum, the stock ended at $65.15, which is also near the day’s high of $65.19. The stock began the session at $64.58 and the volume stood at 12,38,790 shares. The 52-week high of the shares is $80.25 and the 52 week low is $46.08. The company has a current market capitalization of $9,084 M and it has 13,94,37,460 shares in outstanding.
Bunge Ltd has also declared a cash dividend of $0.4200 on May 24, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed on Aug 19, 2016. The dividend payable date has been fixed on Sep 2, 2016.
Several Insider Transactions has been reported to the SEC. On May 16, 2016, L Patrick Lupo (director) sold 11,230 shares at $61.28 per share price.Also, On Aug 27, 2015, Brian Thomsen (officer ) purchased 14,000 shares at $69.44 per share price.On May 21, 2015, La Tour Dauvergne Lauraguai De (director) sold 3,778 shares at $91.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase storage transport processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products including oils shortenings margarines and mayonnaise and milled grain products such as wheat flours corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane as well as energy derived from their production process through its operations in Brazil. The fertilizer segment is involved in producing blending and distributing fertilizer products for the agricultural industry in South America with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.